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Sinclair to redeem $500 million 6 1/8% notes due 2022 on Nov. 27
By Wendy Van Sickle
Columbus, Ohio, Nov. 12 – Sinclair Broadcast Group, Inc. said wholly owned subsidiary Sinclair Television Group, Inc. will redeem its $500 million 6 1/8% senior notes due 2022 on Nov. 27 at par plus accrued interest to but excluding the redemption date.
The redemption is conditioned on Sinclair Television’s incurrence of at least $500 million of new debt financing, according to a news release.
The television broadcasting company is based in Hunt Valley, Md.
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